The CEO of Tesla has yet again taken the front page with his work. Everyone is very well aware of the infamous Elon Musk and his popularity which stems from his position and his entertaining tweets. He was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactions from netizens were everything from trolling him for making the rash decision to overanalyzing the situation and trying to find motives. Some even got skeptical regarding his real intentions.
However, we all know how Musk loves to be surrounded by controversies. That is quite appealing to him.
What did the people write, and how did they tweet it? Let’s find out.
What trolls are in stock for Tesla?
Considering that, at best Tesla broke even on this trade, netizens did not troll them much. In fact, people stood by Tesla’s side and respected his right to do whatever they wanted with their coins. Let’s wait for bitcoin’s price to rise before making a definite statement on this, though.
MicroStrategy’s CEO Michael Saylor stated things in a fun yet pinching manner. “If you sell 75% of your bitcoin, you will only have 25% of your bitcoin left.”
Crypto analyst Inmortal too, took to mock the decision. “You are the richest man in the world, and you panic sold $BTC at a loss? Ok, boomer.”
Nat Brunell, the host of Bitcoin Magazine’s “Hard Money” show, also lightly hit on the company CEO with a pun. “You Musk not sell your Bitcoin”. This is hilarious.
Bitcoin Magazine showed us what happens “When you buy high and sell low.”
Buy high, sell low. Tesla showing us how it’s done! 👏— Samson Mow (@Excellion) July 21, 2022
The magazine’s editor, Pete Rizzo, shared a hilarious meme on Tesla.
Let’s see what National state adoption evangelist Samson Mow had to say about him. At first, he too trolled him. “Buy high, sell low. Tesla showing us how it’s done!”
However, after this, he toned down the fun to something more politically correct. “Almost everyone that sold this dip had no choice but to sell, and none of the reasons had anything to do with Bitcoin fundamentals. I’d say we’re on the way back up and decoupling soon”. Aptly said.
Correct analysis of the decision
The crypto industry has gone befuddled by the sudden decision of Tesla to sell their bitcoin. Everyone had their insights into an offer. However, the analysts made some phenomenal and very interesting points.
The Coin Bureau said certain things too. “It was only a matter of time that we would see this. The market has brushed it off, though”.
Binance’s CZ talked numbers – “Up to $100 billion of BTC get traded every day. Someone selling $1 billion is a drop in the ocean.” Interesting and higher than expected numbers. And CZ should know about this topic in particular.
Professional trader MisterSpread stated the obvious in a lighthearted tone. “Seriously, now, thank you, Elon, for the big stress test you made Bitcoin go through and showed the whole world that Bitcoin is money after Tesla bought and sold billions worth of it.”
If your cars are as weak as your hands..oh boy😅.— MisterSpread (@MisterSpread) July 20, 2022
Seriously now, thank you Elon for the big stress test you made #Bitcoin go through and showed the whole world that Bitcoin is money after #Tesla bought and sold billions worth of it.
You owe #Satoshi a 🍺 for saving your quarter https://t.co/zIqZ0SuJfa
Furthermore, Bitcoin Lebowsky stated things in a much more serious manner about Tesla. “The fact that Bitcoin is still at 23k after months of miners selling, Tesla selling, the Macro disaster, and of course all of the ongoing FUD, is nothing short of remarkable.”
Swans’ Steven Lubka looks at things positively, though. “The Tesla news is bullish, now Elon can’t sell his Bitcoin again, and it’s been purchased in the 20s by more reliable and less erratic actors.”
As we all know, Tesla is no longer in a position of power. Hence Elon Musk cannot manipulate bitcoin’s price anymore. Also, it is not controlled by bots. Let’s see what further turns are taken surrounding this decision.